Intercept Logistics, conveniently located just minutes from the bustling Port of New York and New Jersey, is perfectly positioned to assist with logistics needs. The port experienced a significant surge in volume in the first quarter of 2024, surpassing 700,000 TEUs for the first time that year. The total volume reached an impressive 701,648 TEUs (386,868 containers), marking a 22% increase from March 2023. This surge is attributed to the resumption of overseas manufacturing following the Lunar New Year holiday.
Intercept Logistics, with its strategic location and expertise in devanning services, LTL, Cartage, and Pooled Freight services, can help businesses navigate this increase in volume. The port's first-quarter total reached 2,001,449 TEUs (1,104,759 containers), a 12% increase from the same period in 2023.
The port saw a 23.5% rise in imports (TEUs) in March, totaling 353,300 TEUs (195,796 containers), up from 286,142 TEUs (160,253 containers) in March 2023. From January through March, the port imported 1,028,331 TEUs (569,160 containers), a 14.5% increase from the same period in 2023.
Exports (TEUs) remained steady in March 2024 compared to the previous year. A total of 117,893 TEUs (63,166 containers) were recorded in March 2024, almost identical to the 117,924 TEUs (64,021 containers) in March 2023. The first quarter saw exports reaching 324,253 TEUs (173,561 containers), a slight 1.4% decrease from the first quarter of 2023.
The first quarter of 2024 also saw an increase in export empties, up 35.1% in March, totaling 228,312 TEUs compared with 168,963 TEUs in March 2023. Import empties rose by 54% during the first quarter of 2024 compared to the same period in 2023.
The rail volume in March increased by 9.3% from March 2023, totaling 54,860 containers. The rail volume from January through March Intercept Logistics, conveniently located just minutes from the bustling Port of New York and New Jersey, is perfectly positioned to assist with your devanning, LTL, Cartage, and Pooled Freight services. The port has seen a significant surge in volume in the first quarter of 2024, surpassing 700,000 TEUs for the first time this year. The total volume reached an impressive 701,648 TEUs, marking a 22% increase from March 2023. This growth is attributed to the resumption of overseas manufacturing following the Lunar New Year holiday.
The port's import figures have also seen a substantial rise, with a 23.5% increase in March 2024, totaling 353,300 TEUs. The first quarter of 2024 saw the port import 1,028,331 TEUs, a 14.5% increase from the same period in 2023. Intercept Logistics, with its strategic location, is ready to handle this increase in import volume.
While export figures remained steady in March 2024 compared to the previous year, the number of export empties saw a significant increase of 35.1% in March, totaling 228,312 TEUs. The first quarter of 2024 also saw a 14.8% increase in export empties from the same period in 2023.
The rail volume in March 2024 also saw a 9.3% increase from the previous year, with a total of 54,860 containers. The first quarter of 2024 saw a 7.9% increase in rail volume from the same period in 2023.
The Port of New York and New Jersey also saw a slight increase in auto volume in March 2024, with 37,890 autos moved through the port, a 0.2% increase from March 2023. The first quarter of 2024 saw an 8.5% increase in auto volume from the same period in 2023.
Intercept Logistics, with its proximity to the port and expertise in devanning and freight services, is your go-to logistics partner in this time of growth.
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